Rogers (NYSE:ROG) Stock Breaks Above Two Hundred Day Moving Average - Here's Why

Key Points

• Rogers shares briefly moved above their 200-day moving average of $136.21, reaching $137.14 before last trading at $134.40.
• Analyst sentiment is mixed but leans positive, with a consensus “Moderate Buy” rating and a $225 target price; B. Riley raised its target to $225, while other firms maintained Hold ratings.
• Institutional ownership stands at 96.02%, following major second-quarter purchases by BlackRock and other investment firms. Rogers also reported quarterly EPS of $0.92, below the $0.99 estimate, despite revenue slightly exceeding forecasts.

Rogers Corporation (NYSE:ROG - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $136.21 and traded as high as $137.14. Rogers shares last traded at $134.40, with a volume of 125,193 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Freedom Broker upgraded Rogers to a "strong-buy" rating in a report on Thursday, October 1st. B. Riley Financial lifted their price objective on Rogers from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, October 1st. Wall Street Zen lowered Rogers from a "buy" rating to a "hold" rating in a research note on Monday, August 31st. Zacks Research downgraded Rogers from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings upgraded Rogers from a "sell (d)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $225.00.

Rogers Price Performance

The company's 50-day moving average is $136.32 and its 200-day moving average is $136.21. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 76.80 and a beta of 0.43.

Rogers (NYSE:ROG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.92 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.07). The company had revenue of $216.80 million for the quarter, compared to analyst estimates of $215.00 million. Rogers had a return on equity of 5.17% and a net margin of 3.75%. Rogers has set its Q3 2026 guidance at 1.100-1.300 EPS. Sell-side analysts anticipate that Rogers Corporation will post 3.83 earnings per share for the current year.

Institutional Trading of Rogers

A number of institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Rogers in the second quarter worth $556,493,000. Atreides Management LP purchased a new position in shares of Rogers in the 2nd quarter valued at $30,996,000. Bank of America Corp DE acquired a new position in shares of Rogers during the 2nd quarter valued at $22,859,000. Bank of New York Mellon Corp acquired a new position in shares of Rogers during the 2nd quarter valued at $18,012,000. Finally, Man Group plc purchased a new stake in Rogers during the 2nd quarter worth $7,720,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

About Rogers

Rogers Corporation NYSE: ROG is a global manufacturer of engineered materials and components used in demanding applications across electronics, transportation, aerospace and defense, healthcare, and industrial markets. The company develops materials designed to provide electrical insulation, thermal management, vibration control, sealing, and protection in high-performance systems.

Its products include high-frequency circuit laminates and printed circuit board materials, thermal interface materials, power electronics substrates, elastomeric components, high-performance foams, and specialty composite materials.

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